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Latest News!

Home Retail profits to beat expectations despite Argos sales fall

Thu, 11 Mar 2010 08:41 GMT

A later than usual catalogue launch and wintry weather contributed to a like-for-like sales fall of 9.4% at catalogue store group Argos but parent Home Retail Group expects its full-year results to beat expectations.

Retail sales ahead 2.2% in February

Tue, 9 Mar 2010 08:57 GMT

UK retail sales grew 2.2% on a like-for-like basis in February, according to the British Retail Consortium (BRC).

Heal’s in talks to shutter ailing Manchester store

Fri, 5 Mar 2010 00:00 GMT

Upmarket furniture retailer Heal’s is in negotiations with the landlord of its Manchester store to exit the site, after disappointing sales and a decision to focus more on its online arm.

Dunelm eyes expansion as profit and sales impress City

Fri, 5 Mar 2010 00:00 GMT

Dunelm’s pre-tax profits rocketed 69.3% to £46.2m in the 26 weeks to January 2 and the retailer is to double the size of its warehouse to support future expansion.

Homebase unveils networking website

Fri, 5 Mar 2010 11:16 GMT

Homebase has launched a social networking site to promote its gardening credentials.

RWC2010: Carpetright’s Lord Harris warns 2010 will be tougher than last year

Fri, 5 Mar 2010 00:00 GMT

Carpetright founder and chairman Lord Harris believes 2010 could shape up to be tougher for retailers than 2009.

Oracle Retail Week Awards 2010: The Winners

Thu, 4 Mar 2010 23:15 GMT

The full list of winners from last night’s Oracle Retail Week Awards.

RWC2010: Focus chief Bill Grimsey defends CVAs

Thu, 4 Mar 2010 16:53 GMT

Focus chief executive Bill Grimsey has defended Company Voluntary Arrangements in a presentation at the Retail Week Conference.

Tesco fires up Dobbies

Fri, 26 Feb 2010 00:00 GMT

Tesco-owned garden centre chain Dobbies is to unveil a new model store next week as part of ambitious plans to quadruple its number of shops to 100 over the next 10 years.

Carpetright targets Europe and high street for expansion

Fri, 26 Feb 2010 00:00 GMT

Flooring specialist strives for ‘service like Sainsbury’s and value of Tesco’ as it ramps up growth

Kingfisher to beat forecasts despite sales dip

Fri, 26 Feb 2010 00:00 GMT

DIY giant Kingfisher reported a like-for-like drop of 3% in constant currency in the 13 weeks to January 30 but the retailer still expects to beat profit forecasts. Group revenue decreased 1.6% to £2.3bn.

Mixed start for Wickes as full-year profits rocket but like-for-likes slip

Fri, 26 Feb 2010 00:00 GMT

DIY retailer Wickes experienced a 2.4% decline in like-for-likes in the seven weeks to February 20, but full-year profits soared as the chain grew its market share.

Tile Depot gears up for expansion with team rejig

Fri, 26 Feb 2010 00:00 GMT

Tile specialist Tile Depot has revealed expansion plans as it reshuffles its management team.

Ethel Austin and Au Naturale to shut 114 stores and make 1,048 redundancies

Thu, 25 Feb 2010 08:58 GMT

The administrators of value clothing chain Ethel Austin and sister homewares retailer Au Naturale have confirmed the closure of 114 stores and 1,048 redundancies.

Dunelm’s value proposition drives growth

Thu, 25 Feb 2010 09:20 GMT

Dunelm has reported like-for-like sales up 15.4% in its interim results, bolstered by its “simply value for money” proposition.

TJX Europe full year like-for-like sales ahead 5%

Wed, 24 Feb 2010 17:08 GMT

TJX Europe, the operator of off-price retailer TK Maxx, said like-for-like sales rose 5% in the full year to January 30.

Habitat makes redundancies as prelude to growth

Wed, 24 Feb 2010 12:07 GMT

Furniture and homewares retailer Habitat has unveiled a voluntary redundancy programme to cut costs, alongside a trading uplift and expansion plans.

Wickes full year profits soar

Wed, 24 Feb 2010 08:59 GMT

DIY retailer Wickes experienced a 2.4% decline in like-for-likes in the seven weeks to February 20, but full year profits soared as the chain grew its market share.

Iconic Liverpool department store Lewis’s to close

Tue, 23 Feb 2010 08:55 GMT

Lewis’s, the 154-year-old department store in Liverpool, will close in June with the loss of 200 jobs.

Best Buy eyes Homebase stores

Mon, 22 Feb 2010 09:02 GMT

Electricals group Best Buy Europe is close to acquiring two superstores from Homebase, it is understood.